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You guys still in?
You guys still in?
Got no choice but to hodl.
No more ico's, no more sh!tcoins, just accumulating BTC now.
Value: A cryptocurrency comparison
An alternative approach to estimating the value of Qs is by studying the cryptocurrency market, which is another attempt to create a new currency. So far, cryptocurrencies have failed as currencies. Their focus is on ensuring scarcity (i.e. that no one can easily generate new coins), but they neglect stability of value and ease of use. This makes them ill-suited for trade, with nearly all activity fueled by speculation (see more about the shortcomings of cryptocurrencies).
Despite these shortcomings, the market value of cryptocurrencies reached nearly 1 trillion USD. It is not far-fetched to assume that a currency that is designed to meet the market’s true needs (stability of value, ease of use, etc.), and is exclusively coupled to a superior payment network, should surpass this number.
Q monetary policy
- Every currency needs a sound monetary policy, in order to maintain public trust in its long term stability. A currency whose economic value fluctuates rapidly complicates trades and finance, damages the economy, and eventually pushes people to use other currencies.
- To maintain purchasing-power stability, the total amount of money in the economy (the “money supply”) should grow on pace with economic activity and the corresponding demand to hold money. In most countries money supply is primarily controlled indirectly, through incentives given by central banks to private banks.
- Initiative Q also needs a monetary policy to maintain the currency’s stability, but as a global electronic currency, it is not bound by these historical limitations, and can use more advanced monetary instruments while relying on accurate real time economic data. These monetary instruments are detailed below.
- It should be noted that Initiative Q’s monetary policy will eventually be overseen by a monetary committee that is directly accountable to all Q holders, and independent of the Initiative Q corporate entity.
Everything everyone says to get newbies into crypto is backfiring, friendships and family falling out, losing money! It’s crap, the bubble burst! Now people saying hodl are just desperate, I repeat the bubble burst!
What if I can't sell? Ie there's no exchange to sell on.Just sell while you can!
W
What if I can't sell? Ie there's no exchange to sell on.
Yeah I bought Dovu for a bit of fun beacuase I heard a rumour BMW were getting them onboard. They are now actually running some pilot program with BMW, but they're worthless and there are no exchanges to sell them on. I want to write them off against some gains. don't think I can though.I’m guessing you’ve bought into an ico that was a scam? Or just almost instantly folded, been there, cut your losses and never get back into crypto again
Yeah I bought Dovu for a bit of fun beacuase I heard a rumour BMW were getting them onboard. They are now actually running some pilot program with BMW, but they're worthless and there are no exchanges to sell them on. I want to write them off against some gains. don't think I can though.